JBS S.A. to Buy Australian Beef Company

JBS S.A. beef company is buying Rockdale Beef, an Australian beef processor owned by Mitsubishi Corp. and Itoham Foods Inc. of Japan.

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JBS S.A. beef company is buying Rockdale Beef, an Australian beef processor owned by Mitsubishi Corp. and Itoham Foods Inc. of Japan.

Chandler Keys, JBS spokesman, said the purchase was a good deal for the meatpacking giant. "It was a good opportunity, a nicely run outfit and the people there were ready to sell," he said.

JBS S.A., based in Brazil, was already the world's largest beef producer and has its U.S. headquarters in Greeley. Rockdale exports to 12 nations and would expand JBS's Asian markets, according to beef industry analysts.